Thousands of young Indians are suddenly staring at an uncertain future as technology companies and start-ups announce mass layoffs due to global headwinds and funding crunches. But many are refusing to stay quiet about it.
In October, when Ravi (name changed on request) realised that he and several colleagues were likely to lose their jobs with a major Indian edtech firm, he immediately set up a private messaging group with them.
The group soon became a “safe space” for Ravi and his teammates to air their fears, share tips on dealing with the management and discuss labour laws and workers’ rights.
“It helped many in the team negotiate better exit policies with the company,” Ravi says.
The past few months have been difficult for Indian workers in private companies – especially in the tech sector. Edtech firms Byju’s and Unacademy have cut hundreds of jobs; social media giant Twitter has laid off more than half of its staff in India and Indians are among those affected after Meta – Facebook’s parent company – shaved off about 13% of its 87,000-strong workforce.